VIRGINIA RETIREMENT SYSTEMS ET Al Takes $2.95 Million Position in Science Applications International Corporation $SAIC

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Science Applications International Corporation (NASDAQ:SAIC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,730 shares of the company’s stock, valued at approximately $2,951,000.

Other hedge funds have also bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in shares of Science Applications International by 10,238.4% in the 2nd quarter. California State Teachers Retirement System now owns 5,520,610 shares of the company’s stock worth $609,531,000 after acquiring an additional 5,467,211 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Science Applications International by 20.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock valued at $264,429,000 after purchasing an additional 441,296 shares during the last quarter. First Trust Advisors LP raised its position in Science Applications International by 25.9% in the 4th quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock worth $192,501,000 after purchasing an additional 393,344 shares during the period. Dimensional Fund Advisors LP lifted its stake in Science Applications International by 13.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock worth $145,730,000 after purchasing an additional 185,066 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Science Applications International by 36.3% in the second quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock worth $143,578,000 after purchasing an additional 347,456 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SAIC shares. Stifel Nicolaus upped their target price on Science Applications International from $137.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, September 1st. Jefferies Financial Group raised their price target on Science Applications International from $130.00 to $140.00 and gave the stock a “hold” rating in a research note on Tuesday, September 1st. Wall Street Zen upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 30th. UBS Group upped their price objective on Science Applications International from $108.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, September 1st. Finally, BNP Paribas Exane started coverage on Science Applications International in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.22.

Science Applications International Stock Performance

Science Applications International stock opened at $128.76 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $5.40 billion, a PE ratio of 15.06 and a beta of 0.30. The company has a 50 day moving average price of $121.50 and a 200-day moving average price of $107.04. Science Applications International Corporation has a fifty-two week low of $81.08 and a fifty-two week high of $142.66.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings data on Monday, August 31st. The company reported $3.01 EPS for the quarter, topping the consensus estimate of $2.31 by $0.70. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.Science Applications International’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $3.63 EPS. As a group, equities analysts forecast that Science Applications International Corporation will post 10.78 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, October 9th. Science Applications International’s dividend payout ratio is presently 17.31%.

Science Applications International Company Profile

Science Applications International Corporation (SAIC) is a technology integrator and government services contractor that provides mission-critical solutions to the U.S. government. The company supports defense, intelligence, space, civilian, and federal law enforcement organizations with services designed to improve operational performance, modernize legacy systems, and address complex national security and public-sector challenges.

SAIC’s offerings include information technology modernization, cloud computing, cybersecurity, artificial intelligence and data analytics, digital engineering, software development, systems integration, and enterprise IT services.